Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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Alcoa Looks to Hike Prices
According to Reuters, the world's largest producer of aluminum producer, Alcoa Inc. ( AA ) is targeting to hike the prices by 5% for certain coil and flat sheet products. The increased price would be charged for new orders from March 1, 2012. The price hike would encompass the products like 2xxx...
Alcoa Expands Iowa Aluminum Plant Capacity to Meet Automotive Market’s Demand
Alcoa has celebrated a ground breaking ceremony to expand its Davenport Works facility located in Iowa in order to fulfill the automotive market’s growing demand for aluminum. Alcoa Davenport Works manufactures aluminum plates and sheets for use in a broad array of industries, including commercial...
Maaden, Alcoa begin work to extend Ras Al-Khair complex
Saudi Arabian Mining Co. (Maaden) and Alcoa announced yesterday the commencement of work to extend the product mix of their aluminum complex currently under construction at Ras Al-Khair in Saudi Arabia. This latest milestone will enable the two companies to include capability for producing about...
Saudi Maaden Awards $1.5 Billion Contract To Hyundai E&C To Build Refinery
Saudi Arabian Mining Co. (1211.SA), or Maaden, said Monday it has awarded South Korea'sHyundai Engineering & Construction Co Ltd. (000720.SE) a contract worth $1.5 billion to build the alumina refinery for its joint venture project with U.S.-based Alcoa Inc. (AA) in the kingdom. The joint venture,...
Saudi Maaden-Alcoa Aluminum JV to Add Production Line
Saudi Arabian Mining Co (Maaden) plans to add a new production line at its aluminum joint venture with U.S firm Alcoa to produce sheets used in the automotive and construction industries, the firm said on Monday. The new line will have a capacity of 100,000 tonnes per year and also produce foil...
Alcoa Looks to Hike Prices
According to Reuters, the world’s largest producer of aluminum producer, Alcoa Inc. (AA) is targeting to hike the prices by 5% for certain coil and flat sheet products. The increased price would be charged for new orders from March 1, 2012. The price hike would encompass the products like 2xxx and...
Maaden Signs LoI to Award $1.5 Billion Contract to Hyundai
Saudi Arabian Mining Co., the state- controlled company known as Maaden, said its venture with Alcoa Inc. (AA) signed a letter of intent with Hyundai Engineering & Construction Co. (000720) on a $1.5 billion contract to build an alumina refinery in Saudi Arabia. The contract will include completing...
Alcoa raises coil, flat product prices by 5 pct
Alcoa Inc will raise prices on some of its coil and flat sheet products by 5 percent starting March 1, the aluminum producer said late on Thursday. The aluminum giant sent a note to its global aerospace, ground transportation and industrial and specialty products customers this week announcing the...
Aluminium Bahrain Seeks to Keep Bribery Suit Against Alcoa Alive
Bahrain’s state-owned aluminum producer asked a court to let it proceed with racketeering claims that it overpaid for raw materials because of bribes directed by Alcoa Inc. (AA), the largest U.S. aluminum producer. Aluminium Bahrain BSC, known as Alba, claims that New York- based Alcoa bribed...
Alcoa in talks with Indian companies to sell surplus alumina
US-based Alcoa has opened talks with some Indian companies to sell surplus alumina, signalling the intention of the world's third largest aluminium producer to increase presence in India. With an output of 16 million tonnes a year, Alcoa is the world's largest alumina producer. The company entered...
Alcoa and Alcoa Foundation Annual 2011 Giving Totals $38 Million
Alcoa and Alcoa Foundation announced combined community giving of $38 million in 2011, compared with $36.8 million in 2010. The annual giving results were released today in recognition of International Corporate Philanthropy Day, which celebrates business-community partnerships around the world....
Alcoa, CPI to establish aluminium products JV in China
Alcoa Inc and China Power Investment Corp (CPI) said on Tuesday they agreed to establish a joint venture company to produce high-end fabricated aluminium products for the Chinese market. Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld and CPI President Lu Qizhou signed the agreement in...
Alcoa and CPI Finalize Agreement to Establish Joint Venture for High-End Fabricated Aluminum Products
Alcoa (NYSE:AA) and China Power Investment Corporation (CPI) announced today they have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. Alcoa Chairman and CEO Klaus Kleinfeld and CPI President Lu Qizhou signed the...
Manufacturing is Back and So is Aluminum Demand
Not a lot of companies can say what Alumina Limited (ADR) (NYSE:AWC) said about its full-year profit for the year ended Dec 31 ’11: Its profit tripled. Alumina is an Australia-based company and through its 40% ownership of Alcoa World Alumina and Chemicals (The Company’s partner, Alcoa, owns the...
Alcoa in Venture for Products in China
Alcoa Inc and China Power Investment Corp (CPI) said on Tuesday they agreed to establish a joint venture company to produce high-end fabricated aluminum products for the Chinese market. Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld and CPI President Lu Qizhou signed the agreement in...
China Still Adding Aluminum Smelter Capacity In Spite of Cost Pressures
Alcoa (and the rest of the world) have been waiting for the Chinese to curtail aluminum smelter capacity in the face of weak prices and the high cost of power and raw materials, but the Chinese continue to confound expectations and, as a recent Reuters report underlines, continue to add new...
Alcoa job deal 'not an issue'
ALCOA has denied any exodus of workers from Point Henry to a new aluminium smelter and rolling mill in Saudi Arabia, with just one Geelong manager joining the project. A total of seven managers and supervisors from Alcoa's Victorian operations will help set up the smelting, rolling and refining...
Alcoa workers offered Middle East jobs
ALCOA is offering workers at its Geelong plant massive pay packets to help set up a new cut-price smelter in Saudi Arabia. It comes as the multinational is reviewing the viability of its Point Henry plant, and the jobs of the 600 workers there, with a final decision on whether it will close due in...
